Naismith Basketball Hall of Famer Allen Iverson is apparently going to have to cough up a large sum of money after owing a reported $200,000 in back taxes. According to The Blast, Iverson has a tax lien placed against him by Georgia Department of Revenue for the years of 2012 and 2013.
Court documents show that Iverson owes $25,643.12 from 2012 and 174,465.25 in 2013. The tax debt ballooned to $200,108.37 after being hit with $44,000 in interest and $27,000 in penalties. Iverson and his wife divorced back in 2013 and was ordered to pay out $3 million in the settlement. The divorce proceedings revealed Iverson signed a deal with Reebok back in 2001 that put $32 million in a trust that can't be touched until Iverson turns 55. Meaning that he'll be unable to use those funds to cover the tax debt.
Source: theblast.com
